Description
Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $267 per day, based on similar listings in the area. Estimated short-term cap rate of -3.2%. Fantastic location for this four level four unit rental building just blocks from the Capitol Building. Includes two 2BR/1.5BA apartments on the 1st and 2nd floors. Two 1BR/1BA on top floor and lower-level. 3 of the 4 units renovated in 2018 with new flooring, HVAC, kitchens and bathrooms. 2 are vacant, 2 on month-to-month leases. Total rental income when last fully occupied - $9,705/month. Separately metered for electricity. Fenced in rear yard. Besides this power location's proximity to the Capitol, House/Senate office buildings, Supreme Court, and the Library of Congress there is a fantastic array of dining and shopping options at nearby Barracks Row, Navy Yard, and Eastern Market. Numerous theaters, recreational parks and the National Mall just blocks away. Rental demand in this area is among the best of any neighborhood in the city.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $12804 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 3,684 |
Furnished | unknown |
Year built | 1937 |
Listing Status | Off Market |
MLS | DCDC2132458 |
